Lakeview (Chicago) Condos & Townhomes Chicago Home Buzz

Total condos and townhomes units sold in Chicago's Lakeview neighborhood were down 37% with 245 units sold in the fourth quarter, 2008 compared with 391 units sold in the fourth quarter, 2007. The median sales prices were down 9% to $315.000 from $347,000 in 2007 4Q and the average condo and townhome prices were down 36% in 2008 to $241,592 compared with $376,131 in 2007. Average market time was up 9% to 104 days.

Listen to the local professionals and look at the real numbers when trying to make sense of today's real estate market and your local micro-real estate economy. Even these numbers cannot be read on face value. Drill downs are required!


For more information and a Chicago Home Buzz market report visitwww.ChicagoHomeBuzz.com where this data will be available soon.

Jim

Chicago's Lincoln Park Condo & Townhome Buzz

Total condos and townhomes units sold in Chicago's Lincoln Park neighborhood were down 41% with 128 units sold in the fourth quarter compared with 218 units sold in 2007 (4Q). The median sales prices were slightly down 1% to $427,100 (from $432,500 in 2007 4Q) and the average condo and townhome prices were down 7% in 2008 to $443,146 compared with $478,738 in 2007. Average market time was up 10% to 115 days.

Listen to the local professionals and look at the real numbers when trying to make sense and have an understanding of your local real estate economy. Even these numbers cannot be read on face value. Drill downs are required!



For more information and a Chicago Home Buzz market report visitwww.ChicagoHomeBuzz.com where this data will be available soon.


Jim

Lakeview (Chicago) Market Ups and Downs

While total single-family homes sold in Chicago's Lakeview (60657) neighborhood were down to 12 from 25 ( a 52% drop) the median sales price was up 32% to $1,627,500 (from $1,230,000) and market time was down 4% to 193 days.

Listen to the local professionals and look at the real numbers when trying to make sense and have an understanding of your local real estate economy. Even these numbers cannot be read on face value. Drill downs are required!

Make it a great buying and selling season

Jim

Gold Coast Old Town (Chicago) Market Report Fall, 2008

Chicago Home Buzz Market ReportMarket Snapshot of Gold Coast/Old Town (Chicago) condos for Fall Quarter, 2008 ChicagoHomeBuzz.com

The total number of Lincoln Park , Chicago condos sold for the third quarter, 2008 was 614 units compared with 846 units in 2007 down 27% from the previous year and down 10% since 2003.

The median sales prices of Gold Coast/Old Town (Chicago) condos for the same quarter was $397,000 compared with $377,000 in 2007 up 5% from the previous year and up 23% since 2003.

The average sales price of Gold Coast/Old Town (Chicago) condos for the same quarter was $540,821 compared with $526,148 in 2007 up 3% from the previous year and up 38% since 2003. Note the disparity between median and average prices showing the skewed effect the higher priced Gold COast condos has on the average price figures.

The average market time of Gold Coast/Old Town (Chicago) condos for the same quarter was 144 days compared with 119 days in 2007 up 21% from the previous year and up 129% since 2003.

For a full neighborhood and city wide report visit www.ChicagoHomeBuzz.com

Lakeview (Chicago) Condos for Fall Quarter, 2008

The total number of Lakeview, Chicago condos sold for the third quarter, 2008 was 576 units compared with 700 units in 2007 down 18% from the previous year and and down 23% since 2003.

The median sales prices of Lakeview, Chicago condos for the same quarter was $339,500 compared with $331,065 in 2007 up 3% from the previous year and up 13% since 2003.

The average sales price of Lakeview, Chicago condos for the same quarter was $368,824 compared with $367,738 in 2007 down 1% from the previous year and up 15% since 2003.

The average market time of Lakeview, Chicago single-family homes for the same quarter was 98 days compared with 94 days in 2007 up 4% from the previous year and up 85% since 2003.

For a full neighborhood and city wide report visit www.ChicagoHomeBuzz.com